FCA Surety

Thank you to our friends at Atlantic Construction Podcast. Really appreciate all the work you do highlighting the top notch construction industry we have in Atlantic Canada!

Our team at Atlantic Construction Podcast have been able to build a strong relationship with the folks at FCA Surety

They are heavily engaged in supporting the Atlantic construction marketplace and helping contractors to build their businesses. We highly recommend them.

Andrew Cartwright, MBA leads FCA Insurance Brokers national surety operation as Vice President of Surety. In his previous role at a national surety company he lived in Halifax and ran the local branch in Atlantic Canada. This gives FCA a unique national breadth with a true local understanding.

If you have questions or want a second opinion reach out to Andrew at 416-888-3240 or by e-mail at [email protected].

Its been awhile but Surety Corner is back with our latest edition discussing inflation and the top items for contractors to consider in this environment. A big thanks to David Bortolussi of DMB Consulting Inc. for his contributions! Enjoy!

Surety Corner: Inflation — top things contractors should be considering in today’s environment - constructconnect.com Inflation has been grabbing the headlines for the past several months. Pundits, economists and politicians have been debating whether our current inflationary environment is a temporary pandemic induced supply chain shock or a longer lasting phenomenon that will need to be tackled with more aggressi...

In our next Surety Corner, Mathew Manol and I talk in more detail about the idea of percentage of completion revenue recognition and the importance of tracking work in progress and deferred revenue on your contracts. Enjoy.

Thanks again to Sukhmeet Nagra, CPA of I&A - Chartered Professional Accountants - Tax & Consulting for his contributions once again!

Surety Corner: Construction accounting, a class of its own - Revenue recognition - constructconnect.com In this Surety Corner’s second construction accounting instalment we take a deeper look at revenue recognition for contractors. Specifically, we will review the “Percentage of Completion” calculation and why it is the most commonly used revenue recognition method amongst contractors who have a...

Our second edition of our construction accounting series digs into the idea of job costing and its importance for contractors. Big shout out to Mathew Manol of FCA Surety and Sukhmeet Nagra, CPA of I&A - Chartered Professional Accountants - Tax & Consulting for their contributions. Enjoy!

Surety Corner: Construction accounting, a class of its own — job costing - constructconnect.com In the first Surety Corner construction accounting instalment we will be exploring the topic of job costing for contractors. As identified in the introduction to this series, job costing involves recognizing the expenses for items such as labour, materials and overhead related to ongoing contracts.....

First blog of 2022. In this latest edition we talk about what clients should expect from their surety bond broker. Great read.

What should contractors be looking for in their surety bond broker? - FCA Insurance As a contractor operating in any of the various construction spaces (whether commercial, residential, industrial, institutional or otherwise), choosing

In his second guest column for FCA's Surety Corner, Clive Thurston discusses the labor shortages facing the construction industry and what should be done in future to ensure the viability of our labor force! Thanks Clive. Enjoy!

Surety Corner: Where have all the workers gone? - constructconnect.com In this second guest column for FCA Insurance Brokers, I’d like to discuss labour shortages. Not only has construction been impacted but all sectors are facing a shortage of skilled workers. What is more concerning is that it could be argued many sectors are facing a shortage of “interested” w...

This week, the former President of the Ontario General Contractors Association, Clive Thurston agreed to write an article for Surety Corner discussing his thoughts on the root causes of the supply chain disruptions and the fundamental change in thinking to protect us from these disruptions in future. Thanks Clive!

Enjoy!

Surety Corner: Supply chain challenges — what went wrong in construction - constructconnect.com I’m sure that like me, many of you have been following the numerous stories that have been appearing for the last few years regarding the supply chain and labour shortages that are impacting the construction industry. Like you, I have followed these stories with great interest and at the request o...

In this edition of Surety Corner we talk about contractors getting into the development business and what to think about to ensure it is a fruitful expansion and one that doesn't negatively impact your construction business.

Surety Corner: Contractors increasingly pushing into development works - constructconnect.com Over the past 15 to 20 years, many contractors have decided the housing development industry, given its adjacent nature to construction and the significant growth and profits in the industry, is a great area to expand their operations. While certainly a worthwhile and profitable industry, contractor...

Check out our latest Surety Corner which discuses how to make a claim against a labor and material payment bond. Contractors often run into payment issues late in the year and it is important to know your options!

Surety Corner: Labour and material payment bond - How do I make a claim? - constructconnect.com As many contractors know, the end of the year can often be the hardest time to collect payments in a timely manner. That’s why it’s important contractors are aware of their options including the option to claim against a labour and material (L&M) payment bond if one is in place. Construction has...

In the final installment of our "Is your bond company slowing your growth" series we talk about some of the intangibles including character, relationship and trust and how to best foster these to ensure a strong bonding relationship in good times and bad. Enjoy.

Surety Corner: Is your bond company slowing your growth? Part 5 - constructconnect.com Over the past four articles of Is your bond company slowing your growth, we have covered a variety of topics that could be impacting your bonding limits and how you can tackle those. These have ranged from managing capital and how the bond companies view certain financial items to ensuring that you....

Pt. 3 of our latest series entitled "Is your bond company slowing your growth?" talks more about capacity in relation to quality and timely financial reporting. Enjoy.

Surety Corner: Is your bond company slowing your growth? Part 3 - constructconnect.com In the third segment of Is your bond company slowing your growth? we are continuing to look at capacity, one of the three Cs of surety underwriting. Capacity is essentially a contractor’s ability to take on and successfully manage their workload. Many expect this refers simply to the ability to su...